Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against SunX−0.161%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.161%, 7d avg −0.032%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.129% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	304.68	0.0100	pay 0.0050% / 4h	2h 48m	$1K	$1.8M	20x
Short	Bitget TAOUSDT	304.19	0.0100	get 0.0050% / 4h	2h 48m	$34.0M	$44.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BitgetbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.032%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 7 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.80 bp	12.8 bp −$13	21.7 bp −$217	35.1 bp −$3,507	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0973%	1h	304.87	+0.062%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.90	+0.073%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.74	+0.018%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.23	−0.148%	$38K	$522K	20x	as long as short
Pacifica TAO	+0.0100%	1h	304.95	+0.089%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.25	−0.142%	$85.2M	$400.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.33	−0.115%	$58.4M	$117.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.30	−0.125%	$24.9M	$91.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.65	−0.010%	$135K	$591K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.80	+0.039%	$12.0M	$47.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	304.75	+0.023%	$111.6M	$121.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.98	+0.098%	$18.2M	$26.3M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	304.19	−0.161%	$34.0M	$44.2M	50x
BingX TAO-USDT	+0.0100%	4h	304.38	−0.098%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.48	−0.395%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.407%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.10	−0.189%	$543K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.27	−0.463%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.98	+0.098%	$83K	$666K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.97	+0.096%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.88	+0.066%	$58K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	304.68	long leg	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	305.07	+0.128%	$121K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.80	+0.039%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.98	+0.097%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	304.87	+0.061%	$1.1M	$7.4M	50x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	304.32	−0.118%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0155%	1h	304.30	−0.126%	$743K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	304.73	+0.017%	$14K	$992	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0182%	1h	304.94	+0.086%	$16K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	305.20	+0.171%	$323K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.83	+0.049%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	304.70	+0.007%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.72	+0.013%	$434K	—	100x	as long as short
Lighter TAO	+0.0568%	1h	305.40	+0.236%	$1.6M	$4.8M	5x	as long as short
Extended TAO-USD	+0.0600%	1h	304.40	−0.091%	$872K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.89	+0.071%	$351	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.80	+0.368%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.05	+0.120%	$6.2M	$19.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1035%	1h	305.29	+0.200%	$467K	$688K	10x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.49	−0.064%	$403K	$531K	5x	as long as short
Hyperliquid TAO	+0.1294%	1h	305.58	+0.295%	$91.6M	$74.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+1.017%	$22K	$136	12x	as long as short